PIMFA and BWC Benchmarking sign agreement to develop new member benchmarking proposition
PIMFA, the trade association representing wealth managers and financial advisers across the UK, has signed an agreement with BWC Benchmarking to develop a new benchmarking and business insight service for PIMFA member firms.
The new initiative will form part of PIMFA’s existing member proposition and is expected to launch later this year. Developed in partnership with BWC, formerly Compeer, the service will provide member firms with access to benchmarking insights, peer comparisons, and broader market intelligence as part of their membership, helping to support strategic planning, business performance, and operational decision-making.
BWC is one of the UK’s leading providers of benchmarking and business intelligence for the wealth management and financial advice sector. The agreement brings together BWC’s extensive benchmarking expertise and sector data with PIMFA’s industry reach, member engagement and understanding of the policy and regulatory environment.
David Ostojitsch, Director of Government Relations and Policy at PIMFA, said: “At PIMFA, we are continually looking at how we can strengthen the value we provide to member firms and develop practical benefits that help firms succeed.
“We are therefore delighted to have signed this agreement with BWC, a highly respected provider of benchmarking and business intelligence to our sector.
“Access to high-quality data, peer comparison and market insight is becoming increasingly important for firms operating in a competitive and fast-changing environment. By combining BWC’s trusted benchmarking capabilities with PIMFA’s understanding of the sector, our member community and our engagement with policymakers and regulators, we have an opportunity to create something that delivers real value for firms.
“This initiative represents another important enhancement to the PIMFA member proposition and demonstrates our ongoing commitment to ensuring members receive practical support, relevant insight and tangible benefits from their membership.
“We look forward to working closely with James and the BWC team, and with our members, over the coming months as we develop and launch the service.”
James Brown, CEO of BWC Benchmarking, said: “We are delighted to be working with PIMFA on this initiative.
“PIMFA represents a significant and influential community of wealth management and financial advice firms, making it an ideal partner as we continue to expand the reach and impact of our benchmarking capabilities.
“For many years, BWC (formerly Compeer) has helped firms use benchmarking and business intelligence to better understand their performance, identify opportunities and make more informed strategic decisions. Through this collaboration, we look forward to working with PIMFA and its members to develop a valuable new service that supports firms across the sector and contributes to a stronger understanding of the wider market. This agreement will widen our reach as we establish ourselves as the trusted data provider to the UK wealth management industry.”
